Shanta Gold is an East Africa-focused gold producer, developer and explorer with projects in Tanzania and Kenya.
The fundraising comprised of a placing to institutional investors in the UK, US and Canada, direct subscriptions and a retail offer via PrimaryBid.
The team advising the bookrunners was led by Fieldfisher corporate partner Ed Westhead, supported by associate Maddie Hibbard. Proskauer Rose advised the Joint Bookrunners on US law.
Commenting on the fundraising, Ed Westhead said:
"We are delighted to have supported the Joint Bookrunners on what is the first secondary fundraising in the mining sector on AIM this year. Congratulations to Shanta Gold, Liberum, Tamesis and Cormark on what was a heavily over-subscribed fundraising."
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